XTX Markets has today (January 21) become the first non-bank market maker to price to China’s FX interbank market, CFETS. XTX becomes a liquidity provider for G10 markets, with Bank of China – the first prime broker on the system – as its prime broker.

CFETS says in a release that the addition of XTX has “injected new liquidity into the market for interbank foreign currencies and further enhanced the price competitiveness of the trading centre platform”.

The cooperation between Bank of China, CFETS and XTX Markets is the first for the Chinese domestic foreign exchange market. CFETS adds that it will have a positive effect and further enrich the inter-bank FX market transaction model and promote the integration of the domestic market with the international FX market.

Colin Lambert

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